Nippon India Money Market Fund Growth

+

Debt
Money Market
Rating 4
Plan

3795.51 +1.15 (0.03%) NAV as on 18 Apr, 2024

5D
1M
6M
1Y
5Y
MAX

Key Metrics

AUM (in Cr)12205.32
CAGR 7.66%
Exit Load0.00%
Expense ratio0.40%
CategoryDebt
Min Investment500
Min SIP100
Launch Date2005-06-16

Asset Allocation

Holdings As On - 19 April 2024

Name
Value (Cr)
Holding %

Bank Of Baroda
468.65
3.84%

National Bank For Agriculture And Rural Development
467.81
3.83%

HDFC Bank Limited
418.38
3.43%

182 DTB 29082024
388.80
3.19%

Small Industries Development Bank Of India
379.86
3.11%

Panatone Finvest Limited
375.61
3.08%

Union Bank Of India
374.22
3.07%

Axis Bank Limited
289.90
2.38%

Punjab National Bank
281.87
2.31%

IDFC First Bank Limited
281.57
2.31%

Peer Comparison

Fund Name
Tata Money Market Fund Regular Growth7.66%
Nippon India Money Market Fund Growth7.66%
UTI Money Market Fund - Regular Plan - Growth Option7.67%
ICICI Prudential Money Market Fund Regular Growth7.65%
UTI Money Market Fund-Discontinued - Regular Plan -Growth7.14%

Risk & Volitility

Alpha 0.25%
Beta 2.60
Sharpe Ratio1.07
Std Deviation 0.55%
Tracking Error 0.39%

About Fund

The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in money market instruments

The Nippon India Money Market Fund Growth has an AUM of 12205.32 crores & has delivered CAGR of 6.02% in the last 5 years. The fund has an exit load of 0.00% and an expense ratio of 0.40%. The minimum investment in Nippon India Money Market Fund Growth is Rs 500 and the minimum SIP is Rs 100.

As per morningstar the risk & return rating of the fund are Low & Moderate respectively.

The top holdings of the fund include Bank Of Baroda, National Bank For Agriculture And Rural Development, HDFC Bank Limited & 182 DTB 29082024.

Some of the similar funds are Tata Money Market Fund Regular Growth, Nippon India Money Market Fund Growth, UTI Money Market Fund - Regular Plan - Growth Option, ICICI Prudential Money Market Fund Regular Growth, UTI Money Market Fund-Discontinued - Regular Plan -Growth. Nippon India Money Market Fund Growth has a sharpe ratio of 1.07 & a standard deviation of 0.55%.